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Illampu Group
In this Group: Martha , Teresa Marina , Luisa , Antonia , Serapia , Julia , Francisca, Isabel Asunta, Victoria, Veronica , Magnecia
The communal bank "ILLAMPU" will begin their fourth loan cycle in Pro Mujer as part of the Pan-American regional office. It is comprised of 11 members and is led by a board of directors with Martha serving as the President. The members carry out a variety of business activities, including selling sweaters, rug making, sewing traditional Andean skirts, sewing indigenous clothing, selling fruit, selling cheese, blanket knitting, food sales, alpaca wool knitting, making sportswear, and running a neighborhood store.

The loan that they will take out will benefit these small business owners such as the member Martha. She points out that this is the fourth loan cycle that she is a part of with Pro Mujer. She joined by an invitation from her neighbor who is a member of the institution. Currently, she has a small business of sewing traditional Andean skirts. She tells us that she learned this trade from a previous job that she had in her sister-in-law's workshop. Afterwards, she decided to open up her own work space.

The loan that she will presently take out is to increase capital. She will buy fabric from fairs in the city of La Paz, and then she will sells what she makes with it by order. This form of employment allows her to generate resources to maintain her home the best way possible since she is a widow and has three children.
View original language description ↓
La A.C. “ILLAMPU” iniciará el cuarto ciclo en Pro Mujer, como parte del Centro Focal de Panamericana, está compuesta por once integrantes y está dirigida por una mesa directiva donde la señora Martha es la Presidenta. Los negocios que las integrantes de la asociación comunal llevan adelante son variados entre ellos existen: venta de chompas, producción de alfombras, costura de polleras, costura de ropa de moreno, venta de frutas, venta de queso, tejido de mantas, venta de comida, tejido de lana de alpaca, confección de deportivos, tienda de barrio.

El crédito que sacaran beneficiara a pequeñas microempresarias donde la señora Martha es integrante, ella indica que hace cuatro ciclos que integra Pro Mujer, ingresando por invitación de su vecina que es socia de la institución. En la actualidad ella tiene un negocio de costura de polleras; da a conocer que este negocio lo aprendió de un trabajo anterior que tuvo en el taller de su cuñada, posteriormente decide abrir su propio espacio de trabajo.

El crédito que ahora sacará es para el aumento de capital (compra de tela.) que adquirirá de las ferias de la ciudad de La Paz y posteriormente a la elaboración lo comercializará a pedido. Esta forma de trabajo le permite generar recursos para mantener en lo posible a su hogar pues ella es viuda y tiene tres hijos.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Bolivia

  • $5,500
    Average annual income
  • 181
    View loans »
    Bolivia Loans Fundraising
  • $30,854,225
    Funds lent in using Kiva
  • 6.9
    Bolivia Bolivianos (BOB) = $1 USD

Success!! The loan was 100% repaid

A portion of Illampu Group's $4,700 loan helped a member to buy fabric.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 5, 2013
Listed
Feb 8, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013